When you play your favorite slots, table games, or live dealer titles at an online casino, the feeling of hitting a win is next to none. But getting your money faster is even better. The exact time you’d have to wait to get your winnings depends on your payment method. While some are slower, some are faster.
Many players seek swift withdrawals as it lets them retrieve their winnings without wasting too much time. As such, you’d see many people searching for expert reviews on the fastest payout online casino Canada. They do this in the hopes of finding a platform that doesn’t just suit their gaming needs but guarantees swift and secure payouts.
In this guide, we’ll take a look at the most used withdrawal methods you’d find at online casinos. We’ll be ranking them from the slowest to the fastest, allowing you to decide on what payment method suits the payout speeds you seek. Stay tuned.
Popular Withdrawal Methods at Online Casinos Ranked From Slowest to Fastest
There are many payment methods you can use to receive funds from an online casino. We’ve done our research to dig out categories these banking channels are divided into. While some are slow, others are fast and will send funds over within minutes.
Here’s a list of the most used withdrawal methods at online casinos alongside an overview of their payout speeds:
#1 Paper Checks
Paper checks are the slowest of all payout options at online casinos. If you make a withdrawal request via this option, the iGaming site will need to draft a check and mail it to your bank before it can be cleared and cashed. While this process looks simple on paper, you’d need to wait for 14 to 21 days before it’s completed. Albeit slow, note that checks are safe because they can’t be cashed in by anyone except you.
DID YOU KNOW: Bank checks are going extinct. According to a Walden University report, checks are expected to go away by 2026. This prediction is most likely to become a reality as the number of written checks are reducing by 1.8 billion per year.
#2 Bank Transfers
Bank and wire transfers are withdrawal methods you’ll find at some online casinos. Although they’re secure, they’re somewhat slow. If you go this route to request a withdrawal, you’d need to wait anywhere from two to seven days for funds to land in your account. This timeline is the norm because banks have to verify your name and ensure the payment made into your account isn’t illegal.
#3 Debit Cards
According to Ella Houghton, a gambling expert, debit cards like Visa and MasterCard are available in the cashiers of online casinos in Canada and other countries. While they’re easy to use, you’d need to wait anywhere from 48 to 72 hours to receive funds. Although some casino sites try to make things faster, payout speed ultimately depends on your card provider.
#4 E-Wallets
E-wallets are popular among players in Canada and other countries because they offer swift payouts. Options like PayPal, Skrill, Neteller, and MuchBetter serve as an intermediary between your bank and the casino. This means that you won’t be sharing any of your private data on the site you’re playing at. When you request a withdrawal via an e-wallet, you’d receive funds within 12 to 24 hours.
#5 Mobile Payment Options
Did you take Benjamin Franklin’s “Time is money” quote seriously? If yes, you’d want to get your funds in record time. Thankfully, mobile payment solutions such as Google Pay and Apple Pay. They’re very easy to use. To make a transaction with either, all you need to do is validate your fingerprint or face ID. Once that’s done, you’d receive funds within two to three hours.
#6 Cryptocurrencies
Brad Garlinghouse once said: “As I was looking around, to me, what was happening in the blockchain and crypto world was a movement.” Today, crypto is more than just a movement. It’s now the go-to for payments in all industries, iGaming included. Little wonder you’ll find numerous crypto casinos.
Major cryptocurrencies such as Bitcoin, Dogecoin, Litecoin, Ethereum, and Tether rank among the fastest payment methods at online casinos. Transactions are processed on the blockchain and aren’t subject to third-party verification. As such, when you make a payout request via crypto, your wallet will receive funds in your preferred token within 15 minutes to an hour.
FUN FACT: Since Bitcoin came into the scene back in 2009, cryptocurrencies have become more and more popular. Today, cryptos collectively have a market cap of more than $3 trillion. Little wonder most modern-day players are tilting towards it for gameplay and transactions.
There you have it folks! We’ve just examined the popular withdrawal categories at online casinos in Canada and other countries and rated their payout speeds. If you’re a traditional gamer who prioritizes safety, you can go with slow options like bank checks and transfers. However, if receiving your winnings in minutes or several hours makes you tick, e-wallets, mobile payment solutions, and cryptocurrencies are up your alley.
DISCLAIMER: The information on this site is for entertainment purposes only. Online gambling carries risks, so you should only play within your means. If you’re struggling with a gambling addiction, reach out for help from a professional at the National Gambling Helpline through this phone line: 1-626-960-3500. All gambling websites and guides on this website are 19+. Check your local laws to ensure online gambling is legal in your area. Not valid in Ontario.
Check these websites for free gambling addiction resources.
https://www.gamblersanonymous.org/ga
https://www.responsiblegambling.org/